Bailout Plan Secretly In The Works For “Many Months?”

Well it would appear that way at least according to this profile of the guy tapped to distribute the $700 billion:
Kashkari, it turns out, was one of the original authors of the bailout plan. In a secretive effort over “many, many months,” he was a part of a small team at Treasury working on the [...]

Treasury Secretary Hank Paulson Urges “Patience” With The Economy

Yeah that’s right. The same man who was so anxious to get the bailout passed is now urging us to be patient.
Read what Treasury Czar Secretary Paulson had to say:
Treasury Secretary Henry Paulson said Wednesday that financial markets continue to be “strained” but he urged “patience” and said the federal government will use all tools [...]

AIG Executives Go To Retreat After Financial Bailout

You want to know why many Americans only see greed and corruption when the look at Wall Street? Well the answer can be found in stories like the one of AIG executives attending a retreat after President Bush and Congress bailed out the company:
Less than a week after the federal government had to bail out [...]

Can We Get a Bailout From the Bailout?

Three trading days into the bailout and the results, well, they’re not so good.
Right now it’s a little after 3p.m. on the east coast and:

the Dow Jones Industrial Average is down another 2.5%
the Nasdaq is down another 4%
the S&P 500 is down another 3.7%

UPDATE: Dow Jones Industrial Average plunges 508 (4.7%) points at the close [...]

I Thought The Bailout Was Supposed to Stabilize The Markets???

It’s 2:28p.m. est. and right now the Dow Jones Industrial Average is down 720 points! This is the second straight trading day the markets have plunged after the bailout was signed.
Folks, it’s true, the economy isn’t in good shape, but we were wold of bill of goods on this bailout. There was no need to [...]

House of Representatives Passes Bailout

After the Senate’s vote on Tuesday there was little doubt that the House would follow by passing President Bush’s and the Democrats’ socialist bailout. President Bush then quickly signed it and proceeded to praise his Treasury Secretary Hank Paulson.
The significance of this legislation can’t be understated. This is a direct step towards socialism. I don’t [...]

Senate Passes Socialist Bailout

Tonight the Senate has inched us closer to a form of socialism here in America. By a 74-25 vote, the Senate passed the $700 bailout for the financial services industry.
The ball is now in the hands of the House of Representatives. We can only hope that they don’t pass this garbage, but it looks like [...]

Karl Marx Would Be Proud of Bush, Paulson, Congressional Democrats, and Wall Street

There is a fantastic op-ed out on the Financial Post Website that really puts this prospective socialist bailout in perspective:
In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal [...]

Record U.S. Budget Deficit: More Good News for China

Government dollars anyone? There is plenty of money to go around, at least according to the latest budget:
The White House on Monday reported a projection for a $482 billion budget deficit for the budget year ending in September 2009, a number that would be the highest number recorded.
Senior administration officials downplayed the impact of the [...]

Senator Jim Bunning Questions Globalist Stooge Paulson on Socialist Bailout

As I have said before there are a handful of strong conservatives in the Senate. Jim Bunning happens to be one.
Here’s a clip of him rightfully calling out so-called Treasury Secretary Hank Paulson:

Look at Paulson. He looked dumbfounded. He and Bernanke don’t even know what’s in the bill, but rest assured: he believes what he’s [...]

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